Financial Literacy
Explain the difference between Needs and Wants.
Needs - Items we need to stay alive and to get through life successfully.
Wants - Items/Treats that make us happy and entertain us.
Why is it important to ask yourself what you need, the cost of something, and if you'll actually use it before you buy something?
Asking yourself these questions helps you make smart shopping decisions, avoid wasting money, and stay within your budget.
What time does Iman school start and when does it end?
10:00 am - 3:00 pm
Which prophet built the Kaaba with his son?
Prophet Ibrahim (AS), with his son Ismail (AS)
How many days are in a year?
365
What does "Financial Literacy" mean? How can this help us be better Muslims?
Knowing how to make good decisions with money. Understanding the importance of how to budget, save, spend, and donate to charity.
A toy costs $18 and you have $25. How much will you have left after buying it?
$7
How many levels are in Iman School?
6
What is the name of the angel who brought revelation to Prophet Muhammad ﷺ?
Jibreel (AS)
What is the largest ocean in the world?
Pacific Ocean
What is the difference between Zakat and Sadaqah?
Zakat - The third Pillar of Islam that requires us to donate 2.5% of our money to charity and those in need. It is an Obligation!
Sadaqah - Any act of generosity for the sake of Allah. Being kind to others. This is voluntary!
What is the name of the money you earn from working?
Income
How many elective classes are in Iman school and name each one.
4. Smart choice, Arabic, Quran, and Art.
Which prophet was swallowed by a large fish?
Prophet Yunus (AS)
What force keeps us on the ground?
Gravity
Explain what a unit price is and how it can help us determine what we need to buy in a store.
A unit price is the cost of one individual item or one unit of a product, such as one granola bar, or one cheese stick.
Unit prices help us compare products of different sizes and prices to figure out which one gives us the best value for our money.
How many cents are in one dollar?
100 cents
What is the name of the Secretary for this school?
Miss Samiha
What is the name of the night that is better than 1,000 months?
Laylat al-Qadr
What is the largest country?
Russia
What are the three ways to budget your money, and how can a budget help us in our life?
1. Paper and Pencil
2. Printable Sheet
3. Budget App
A budget can help you make smart decisions and avoid: overspending, debt, or running out of money.
What is the difference between fixed income and side income?
Fixed income: Money you receive regularly, usually from a job.
Side income: Extra money you earn outside your main job, like babysitting, or selling handmade bracelets.
What is the name of this school's Principal?
Miss Wafaa
Which prophet was thrown into a fire but was protected by Allah?
Prophet Ibrahim (AS)
What is the smallest country in the world?
Vatican City